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Introduction, documentation processing and account Set up fee is US$500. The corporate online discount brokerage accounts are established through our recommended online discount brokerage firm in Panama City, Republic of Panama. The brokerage firm is registered and licensed with the National Securities Commission. All securities and cash deposits are held in custody by one of the worlds largest international clearing firms. Each account is insured through the SIPC (Securities Investor Protection Corporation) up to US$500,000 and carries additional insurance up to US$99.5 million through a major international insurance carrier. The brokers/financial advisors are English or Spanish speaking, NASD registered, licensed brokers who can provide you with sound investment advice for investing in mutual funds, stocks, bonds, options, money markets, etc. They mainly trade on the US and Canadian stock exchanges (NYSE, NASDAQ, AMEX, Toronto, etc.), however, they can trade on most major securities exchanges around the globe. Online trade fees vary depending on the trade amount, type of security traded, and the stock exchange traded on. We cannot provide a fees list for trade fees since it varies so much from security types and from one market to another, however, we can say that their online brokerage fees range from US$50 to US$75 per trade depending on the security traded and the market it is traded on. However, when trading no-load mutual funds, the fund company will generally cover the trade fee. Each account includes an optional Corporate USD checkbook, Internet access, and Corporate Visa or MasterCard Debit Card.
Funds can only be held in USD. Any transfers received in other currencies will be immediately converted to USD prior to entering the account. The following documentation is required: A. Photocopy of passport for each signatory. The photocopy of passport should be notarized, and should include the photo of the person, the personal details (name, date of birth, passport number, etc.), and the signature. The photocopy should be clear and legible. Note: If a passport is not available, a notarized photocopy of a valid government issued drivers license may be substituted as long as it has your signature, personal details, and photo.
Example of Financial Reference Letter *
Documentation requirements are subject to change without notice. C. Account Applications: If you wish to be the signatory on the account, then you must also sign the account applications. As signatory, you can place trades, write checks, make wire transfers, access your account on the internet, etc. For those clients that prefer to remain 100% anonymous without revealing their personal names to the recommended brokerage firm, we offer nominee signatory services for additional confidentiality. In this case, we will provide one of the nominee directors as signatory for your corporate account. When you need to execute a transaction through your corporate account, you simply contact us with your request, and we will process it for you. We charge a US$1000 (or 1%, whichever is higher) annual administration fee for nominee signatory services. The minimum account opening deposit is US$1000, which should be made by USD check or wire transfer. After the account is set up, additional deposits may be made by USD check, securities transfer, or by wire transfer. The recommended brokerage firm will email you the check deposit, securities transfer, and wire transfer instructions once the account is set up and initially funded. Account
Opening Fee: Free w/ purchase of entity, otherwise US$500 ** Third party wire transfers are not permitted. Wire transfers out are only permitted to accounts with the same name. For example, "ABC Corp." can only wire funds to another account with the beneficiary name "ABC Corp.". For payments to third parties, you must use the checkbook or Visa / MasterCard debit card. We recommend that if you need to make payments to third parties by wire transfer, you should set up a corporate bank account instead of (or along with) a brokerage account. *** Internal transfers (journals) to accounts within the same institution are permitted on a case by case basis. **** Acceptable deposits are USD Checks (personal or bank certified checks from same name account), wire transfers, or publicly traded securities. Unacceptable deposits are cash, money orders, travelers checks, double endorsed checks, foreign items/thrift withdrawal orders, returned checks, and third party checks or checks referring to more than one account number. A. Submit an Online Application - Click on "Order Now", and complete an online application, then hit "submit". B. Submit Payment - Payment can be made by Bank Wire Transfer, Western Union Money Transfer, E-Gold, USD Check, or USD International Money Order. C. Receive Documents - Once we receive payment for the structure, we will forward you the corporate documents and recommended brokerage firms account applications for your signature (account applications are only included if you wish to be signatory on the account). You should sign the brokerage account applications where indicated, and forward them back to us along with the required documentation. D. Account is Set Up - When we receive the signed applications, the account applications will be completed with the corporate information, and forwarded to the recommended brokerage firm. The account number will generally be provided within 5 business days from the date the documents are submitted to the recommended brokerage firm. E. Begin Using Account - You will receive an email from the brokerage firm containing the complete account protocol for making deposits, executing trades, contact information of the brokerage firm, etc. Order Now or Contact Us Today!! |
